Laserfiche WebLink
<br />STERLING WATER CONSERVATION PLAN <br /> <br />MAY 28, 1996 <br /> <br />Table 1 - Monthly Water Rates <br /> <br /> WH-hln City Outside City <br />Meter 51ze Monthly Volume Monttlly Volume <br /> Minimum Charge Minimum Charae <br />51e, ~ 3/4' $6.85 $0.89 . $897 $1.17 <br />,. $7.50 $0.89 $9.83 $1.17 <br />1-1/2' $9.10 $0.a9 $11..92 $1.17 <br />2' $11.00 $O.a9 $14.41 $1.17 <br />3' $15.45 $0.a9 $2024- $1.17 <br />4' $21.80 $0.89 $28.56 $1.17 <br />6' $37.70 $0.89 $4939 $1.17 <br /> <br />Monthly minimum includes 4,000 golions per rnontt1 <br /> <br />Plant Investment Fees: <br /> <br />Plant investment fees are used to reduce the burden to the existing customers for <br />financing new growth. The method used to design the system development charge <br />was the system buy-in method, since the City does not have a current master plan. <br /> <br />The system buy-in method is based on the premise that new customers are entitled <br />to water service at the same prices charged to existing customers. With this <br />method, new customers connecting to the system are required to pay an amount <br />equal to that which has already been paid by the existing customers towards the <br />invested capital funds. Thus, the system buy-in method is based on a <br />detennination of the average net investment in the system based on the book value <br />of the system. <br /> <br />Table 2 presents the currently adopted Plant Investment Fees by using the system <br />buy-in method. From the analysis, a net equity in the system is $969 per %" tap <br />was detennined. This figure could be considered the lower end of the range for the <br />system development charge. From other research by TEC, it appears the fees <br />charged by Sterling are below other area utilities with the exception of Brush. <br />However, in all cases, the other utilities use or will be using surface water supplies <br />that require a 1reatment plant and, thus, a higher investment than-systems using <br />groundwater. <br /> <br />Table 2 - Water Plant Investment Fees <br /> <br />MeTer 5l%e Cc:Ipactty l<c:rtto 1'0 Within Outside <br /> ~ 5/8 CIty CIty <br />5/8" ~ 3/4' 1.0 $1.00000 $1.000.00 <br />314' 30 1.5 $1.000.00 $1.000.00 <br />,. 50 2.5 $2,500.00 $2.500.00 <br />1.1/2' 100 5.0 $5.000.00 $5,000.00 <br />2' 160 8.0 $8.000.00 $8,000.00 <br />3' 300 10.0 $10.000.00 $10.000.00 <br />4' 500 25.0 NeQCIiable NeQCIiable <br />6' 1.000 50.0 NegaHabie Negot1able <br /> <br />Page14 <br />